IIT Bombay and HSBC India Collaborate for Green Hydrogen Innovation
Key Ideas
- The collaboration between IIT Bombay and HSBC India aims to accelerate the development and deployment of green hydrogen technologies in India.
- Six innovative green hydrogen projects have been shortlisted for incubation at IIT Bombay, focusing on areas such as production, storage, transportation, and utilization.
- The partnership is aligned with India's National Green Hydrogen Mission and envisions a cleaner, self-reliant India through sustainable energy solutions.
- The initiative reflects a global commitment to sustainability and aims to make green hydrogen a cost-effective, scalable, and sustainable energy option.
The collaboration between IIT Bombay and HSBC India aims to foster innovative green hydrogen solutions in India. The Green Hydrogen programme received numerous project proposals from top educational institutions in the country, and six projects have been selected for incubation at IIT Bombay. These projects address critical challenges in green hydrogen technology, including storage systems for commercial vehicles and sustainable hydrogen generators to improve air quality. The joint effort focuses on nurturing these solutions for commercial readiness, supporting their scalability, and contributing to a low carbon economy. HSBC India's CEO highlighted the importance of green hydrogen in achieving sustainability goals, while IIT Bombay's Director emphasized the role of green hydrogen in India's energy landscape. The initiative not only supports the government's National Green Hydrogen Mission but also aims to position India as a leader in green energy. By driving research and innovation in various sectors, the partnership strives to make green hydrogen a viable and eco-friendly energy source for the country's future.